First Merchants (FRME) Director Acquires 828 Shares; 10,035 Restricted Awards Included

Rhea-AI Filing Summary

Jean L. Wojtowicz, a director of First Merchants Corp (FRME), reported an insider purchase on 09/30/2025. The filing shows the acquisition of 828 shares of common stock at a reported price of $37.70 per share. After the reported transaction the filing lists 62,860.599 shares beneficially owned by the reporting person, and notes that this total includes 10,035 restricted stock award shares. The Form 4 was filed as a single reporting-person filing and signed with a confirming statement dated 10/02/2025.

Positive

• Insider purchase reported: acquisition of 828 common shares on 09/30/2025
• Restricted awards disclosed: the report explicitly includes 10,035 restricted stock award shares in total beneficial ownership

Negative

• None.

Insights

Corporate Governance Specialist

TL;DR: Director reported a small open-market acquisition and holds restricted awards.

The director-level purchase of 828 shares is explicitly disclosed and the filing also documents 10,035 restricted stock awards as part of total beneficial ownership. Disclosed restricted awards indicate compensation alignment with shareholders because those shares are subject to vesting or restrictions, while the open-market purchase shows the director took a direct economic position.

If material monitoring items were disclosed in the form, they would be dates or amounts; the filing provides the transaction date (09/30/2025) and the confirming signature date (10/02/2025).

Equity Disclosure Analyst

TL;DR: Transaction details are clear: 828 shares bought at $37.70, total ownership shown.

The Form 4 records an acquisition (code A) of 828 common shares at a price of $37.70 and reports a post-transaction beneficial ownership figure of 62,860.599 shares. The filing is a standard Section 16 disclosure and does not include other derivative transactions or additional material events.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WOJTOWICZ JEAN L

(Last) (First) (Middle)

200 E JACKSON STREET

(Street)

MUNCIE IN 47305

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST MERCHANTS CORP [ FRME ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		A		828	A	$37.7	62,860.599(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes Restricted Stock Awards totaling 10,035 shares

Remarks:

	Jacob Burkett (Confirming Statement on File)	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FRME director Jean L. Wojtowicz report on Form 4?

The Form 4 reports the acquisition of 828 common shares at a price of $37.70 on 09/30/2025 and shows 62,860.599 shares beneficially owned after the transaction, including 10,035 restricted shares.

Does the filing show any derivative or option transactions for FRME?

No. Table II for derivative securities contains no listed transactions; only a non-derivative common stock acquisition is reported.

When was the Form 4 filed or confirmed?

The confirming statement is dated 10/02/2025 and the form indicates the earliest transaction date of 09/30/2025.

Is the reported ownership figure inclusive of restricted shares?

Yes. The filing explicitly states that the total beneficial ownership figure includes 10,035 restricted stock award shares.

Was this Form 4 filed by multiple reporting persons?

No. The form is marked as filed by a single reporting person.